CPA (SC DC VA CA); ATTORNEY (DC VA); BA, MS Accounting, JD (Georgetown University) Leukemia Ball Founder...Member American Institute of CPAs, Virginia State Bar, Spousal Lifetime Access Trusts Domestic Asset Protection Trusts SLATS DAPTS Family LLC Holding, Estate Plan American Bar Association, South Carolina Association of CPAs, District of Columbia Bar, United States TAX COURT;.United States SUPREME COURT; IRS Appeals United States Court of Appeals for the 4th Circuit, US Tax Court Appeals, Virginia Supreme Court,.IRS Audit Representation; Entertainment law Tax Planning and Strategy, MDDC Medical Multi-discipline practice tax structure, Bullet Proof Tax Preparation, International and off shore Tax Law, Divorce Tax Law Forensic Analysis, Real Estate tax law including tax strategy for Real Estate Professionals, Annual personal Income Tax Tune Up, Annual business structure analysis, Family Limited Partnerships and gift tax returns and strategy. South Carolina office for H Christopher Moss, CPA, 210 Wingo Way, Suite 303, Mount Pleasant SC 29464..Virginia office for Infinite Partnerships, H Christopher Moss, Attorney, 211 N Union St, Suite 100 Alexandria, Va. 22314
Chris Moss CPA Tax Attorney
Author's posts
Dec 03
Step Transaction Tax Planning
Welcome to TaxView with Chris Moss CPA Whatever your legacy is after you’re gone, whether the legacy is yours or belongs to your grandfather, I would hope that you want your kids and grandchildren to share in some way that legacy you or your mother or grandmother is leaving you all. But many of you …
Nov 28
Mark to Market: Trader or Investor?
Welcome to TaxView with Chris Moss CPA Most of you all have invested in stocks and bonds or other publicly traded securities with the help of a “securities dealer” or stock broker. But if you are “trading” in securities on a regular basis for yourself and family, IRS Topic 429 says you may be upgraded …
Nov 07
IRS Whipsaw Tax Audit
Welcome to TaxView with Chris Moss CPA The IRS defines a “whipsaw case” as a settlement in one case that can have a contrary tax effect in another case.” IRS Manual 8.2.3.13 All of you at some point will most likely experience a whipsaw case during an IRS audit of a partnership, ex-spouse, related beneficiary …
Oct 31
Cost Segregation of Structural Components
Welcome to TaxView with Chris Moss CPA Cost Segregation of Structural Components is a tax savings strategy that in my view defies logic, yet nevertheless is a brilliant absolutely legal way to save taxes. What is Cost Segregation of Structural Components you ask? In essence, Cost Segregation separates out costs in a building into structural …
Oct 24
Bad Debts vs Theft Loss
Welcome to TaxView with Chris Moss CPA Have you ever loaned money to someone who didn’t pay you back? Did you know that if you can’t get your money back you could at least write the debt off for taxes? It’s called a “Nonbusiness Bad Debt” (NBD) and it is deductible as a short term …
Oct 18
Say No To Offshore Tax Shelters
Submitted by Chris Moss CPA Welcome to TaxView with Chris Moss CPA You all remember when Credit Suisse plead guilty to helping “clients deceive U.S. tax authorities by concealing assets in illegal, undeclared bank accounts, in a conspiracy that spanned decades..” —and nobody going to jail? According to news reports back then the only penalty …
Oct 12
When a Gift Is Not a Gift
Welcome to TaxView with Chris Moss CPA Are you an entrepreneur with family business? Have you thought about your children and grandchildren being more involved in your business? Perhaps a Family Limited Liability Company (Family LLC) is just what you need. Properly structured for your unique situation, the Family LLC is a 21st century way …
Oct 03
Yacht and Boating Tax Deductions
Welcome to TaxView with Chris Moss CPA There are thousands of American taxpayers who deduct expenses in connection with operating a motor yacht or luxury sailing craft. Indeed, there are legitimate tax write offs in connection with yacht ownership but perhaps there are also equally as many which are not so legitimate. Just about everyone …
Sep 26
Death Gift Estate Tax For Beginners
Welcome to TaxView, with Chris Moss CPA Death tax is a fact of life, or death, as the case may be, and death taxes have been taxing estates for thousands of years. Euphemistically referred to as “estate tax”, the tax is assessed when assets are transferred to your beneficiaries on that special day of your …
Sep 21
Temporary vs Permanent Tax Deductions
Thanks for joining us on TaxView with Chris Moss CPA Have any of you purchased a vehicle in late December to receive that coveted tax deduction that year? If you answered yes, you were able to receive “temporary tax deduction.” (TTD) That is to say you accelerated a tax deduction into the current tax year …
Sep 14
IRS Doomsday Levy
Welcome to TaxView with Chris Moss CPA Just the thought of a “levy” gives me the absolute feeling of impending doom. However, an IRS levy adds additional and painfully real fear of immediate economic loss to any law abiding American taxpayer. What is an IRS levy? According to the IRS website a levy is a …
Sep 13
Substitute Tax Return
Welcome to TaxView with Chris Moss CPA What is a substitute tax return? No your identity has not been stolen and a false return filed by the perpetrator. In fact, a substitute tax return is what the Government has the authority to file for you when you don’t file your tax return on time. Yes, …
Sep 09
Section 1031 Reverse Tax Free Exchange
Welcome to TaxView with Chris Moss CPA What is a reverse 1031? No it is not a football game plan. Commonly known as a reverse exchange or a reverse Section 1031 tax free exchange, this very trendy tax savings variation on the traditional Starker exchange has roared back to life. If you read my article …
Sep 03
Portfolio vs Passive Loss Rules
Welcome to TaxView with Chris Moss CPA If you have investment gains to offset business losses this year, you may be in store for a direct head on collision with the IRS and the Tax Reform Act of 1986. The journey to disaster starts off innocently enough. You sell some stocks for a $10M gain …
Sep 01
Unreimbursed Volunteer Expense
Thanks for joining Chris Moss CPA on TaxView Do you volunteer for a nonprofit organization which is exempt from paying income tax? For example, have you driven for Meals On Wheels, or perhaps you have dropped off some household goods to the local Salvation Army, hosted a student in your home, or headed up an …